asked 95.2k views
15 votes
What does inflation mean?

1. Currency increases value
2. Currency loses value
3. The economy grows

asked
User Street
by
8.9k points

1 Answer

7 votes

Answer:

Currency loses value

Step-by-step explanation:

Inflation is the decline of purchasing power of a given currency over time. ... The rise in the general level of prices, often expressed a a percentage means that a unit of currency effectively buys less than it did in prior periods.

answered
User Jdi
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.